Consolidated Fund

Established in 1926, The Church Foundation (TCF) is a Pennsylvania nonprofit corporation, run by a board of directors made up of three clergy, twelve laity and chaired by the Bishop of the Diocese. One of the responsibilities of the TCF is overseeing the Consolidated Fund (CF), a balanced fund of stocks and bonds.

By coalescing assets, the CF allows parishes and institutions of the church access to professional investment management services of high quality and reasonable cost under the oversight of TCF that they could not otherwise participate in.

The Church Foundation provides excellent customer service. I also enjoy the clear, concise and timely reports that TCF provides on a monthly and quarterly basis. The Episcopal Diocese of Pennsylvania

Benefits:

Policies:

Accounts—participants may set up any number of accounts within the Consolidated Fund. Participants will receive a quarterly statement indicating account balances and fund performance.

Allocations—a proportionate share of gains or losses and fees are applied to each participants account and reported at the end of each quarter.

Contributions and withdrawals—participants may contribute to, or withdraw funds in accordance with each fund’s governing documents.

Income distributions—participants may request quarterly, semi-annually or annual income distributions paid from each account. Typically, distributions are made in April, July, October and January.

Fees—management fees are very competitive, assessed quarterly and reviewed annually.

How It Works

The Consolidated Fund is a common trust fund similar in design and function to those maintained by commercial trust companies and banks.

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